Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deep dive into the recent grounding of the Ever Given in the Suez Canal, which has now been floated free. What does it mean from the risk management and compliance perspective? Some of the issues we consider are:

What were the controls in place to stop this failure?
What changed which rendered these controls ineffective and even obsolete?
What is your risk program around supply chain disruption?
Was this a Black Swan event?
What does this mean for compliance officers?

Resources

Matt’s blog post on Radical Compliance:

Less Ever Given on Risk and Control

The bank effect and the big boat blocking the Suez, Brendan Greely in the FT

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Boaty McBoat, Risk and Compliance